Saab Q2 sales beat estimates on strong demand, capacity expansion

Saab AB

17/07/2026 06:38

Overview
Sweden defence firm's Q2 sales rose 30% yr/yr, beating analyst expectations
Q2 operating income beat analyst estimates; operating margin improved to 11%
Order bookings surged, driven by SEK 47 bln submarine contract for Poland

Outlook
Saab says demand for its product offering remains high as customers invest in defence needs
Company says continued capacity expansion and high delivery volumes position it to meet market demand

Result Drivers
SUBMARINE CONTRACT - SEK 47 bln order for submarines to Poland drove surge in order bookings
STRONG CUSTOMER DEMAND - Co said demand for its product offering remains high as customers invest in both immediate and long-term needs
CAPACITY EXPANSION - Co cited continued capacity expansion and high delivery volumes as supporting growth

Company press release: ID:nWkr7HkMd2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
SEK 25.45 bln
SEK 23.93 bln (6 Analysts)
Q2 EPS
 
SEK 3.96
 
Q2 Net Income
 
SEK 2.17 bln
 
Q2 Operating Income
Beat
SEK 2.79 bln
SEK 2.48 bln (6 Analysts)
Q2 EBITDA
 
SEK 3.77 bln
 
Q2 EBITDA Margin
 
14.80%
 
Q2 Operating Margin
 
11.00%
 
Q2 Orders
 
SEK 68.39 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Saab AB is SEK572.00, about 10.7% above its July 16 closing price of SEK516.70
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)